Overview
What is Faith Community Development Corp?
Faith Community Development Corp is a nonprofit organization situated in Lafayette, Indiana, with a focus on revitalizing distressed neighborhoods. They provide affordable housing options to low-to-moderate income families, support neighborhood initiatives, and offer financial employment skills training. The organization's mission involves owning, providing, and developing decent, safe, and sanitary housing for low and moderate-income families and individuals. They also engage volunteers in home renovation projects, offer homebuyer and homeownership education, and construct and refurbish residential structures to create housing opportunities for these families. Furthermore, they provide reports on their activities to the City of Lafayette and HUD, as well as carry out other supportive projects to stabilize and enhance low and moderate-income neighborhoods. The organization is staffed by 15 employees.
Official website here: www.faithlafayette.org/church
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Faith Community Development Corp demonstrates a strong commitment to accountability and transparency, as evidenced by its Four-Star rating from Charity Navigator. The organization has achieved a high score in various categories, including having a fully independent board and an impressive program expense ratio of 80.94%, indicating that a significant portion of its funding directly supports its programs.
The financial health of Faith Community Development Corp appears robust, with a low liabilities to assets ratio of 25.40%, showcasing effective management of its resources. Additionally, the organization adheres to best practices in governance, having policies in place for conflict of interest and whistleblowing, and consistently documents board meeting minutes.
There are no reported issues regarding the diversion of assets, reflecting the organization's integrity. Overall, Faith Community Development Corp is well-positioned as a responsible nonprofit, with strong financial practices and governance structures supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Faith Community Development Corp?
94% of 385 reviewers on Facebook recommend Faith Community Development Corp. Here’s a summary of their insights:
Many participants highlight the annual living nativity event, describing it as a unique and enjoyable experience that brings the community together. This event stands out as a cherished tradition, positively impacting attendees and fostering a sense of unity among families and friends.
Overall, the organization appears to be well-regarded in the community, successfully delivering memorable events that resonate with visitors. The strong recommendation rate indicates that they are fulfilling their mission and expectations effectively.
This AI summary has been generated from reviews found on Facebook.
Is Faith Community Development Corp legitimate?
Faith Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,138
For more financial information, click here
Official website here: www.faithlafayette.org/church
What is the mission statement of Faith Community Development Corp?
The Faith Community Development Corp is established with the purpose of providing affordable, decent, safe, and sanitary housing for low and moderate-income families and individuals. The organization utilizes volunteers for related home renovation projects and offers homebuyer and homeownership education to this demographic. Their mission also includes creating and providing housing opportunities by constructing and refurbishing residential structures for low and moderate-income households. The corporation reports on activities and benefits to both the City of Lafayette and HUD, and engages in supportive projects to stabilize and enhance low and moderate-income neighborhoods.
Official website here: www.faithlafayette.org/church
Who is the CEO of Faith Community Development Corp?
Steve Viars is the Chairman of Faith Community Development Corp.
Official website here: www.faithlafayette.org/church
What is the revenue of Faith Community Development Corp?
Faith Community Development Corp's revenue in 2023 was $862,484.
Official website here: www.faithlafayette.org/church
Who are the executives of Faith Community Development Corp and what are their salaries?
The average compensation at Faith Community Development Corp during 2023 was $8,743. There are 15 employees and 322 volunteers at Faith Community Development Corp.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $146,396
- Other: $98,819
- Compensation: $0
- Related: $102,985
- Other: $31,108
- Compensation: $0
- Related: $64,672
- Other: $26,903
- Compensation: $0
- Related: $42,915
- Other: $32,316
- Compensation: $0
- Related: $18,956
- Other: $22,946
- Compensation: $0
- Related: $1,808
- Other: $19,651
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.faithlafayette.org/church
Where can I find the form 990 for Faith Community Development Corp?
Faith Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faithlafayette.org/church
Learn more at the official website: www.faithlafayette.org/church
Mission Statement of Faith Community Development Corp
Faith Community Development Corp is established with a mission to provide and develop affordable, decent, safe, and sanitary housing for low and moderate-income families and individuals. The organization goes beyond just housing, organizing volunteers for home renovation projects and offering homebuyer and homeownership education. Their objective is to create and provide housing opportunities for these income groups by constructing and refurbishing residential structures. Additionally, Faith Community Development Corp is committed to reporting on activities and beneficiary information to the City of Lafayette and HUD, as well as carrying out other supportive projects aimed at stabilizing and enhancing low and moderate-income neighborhoods.
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Impact
July, 2024
Faith Community Development Corp's impact is seen in the revitalization of distressed neighborhoods in Lafayette. By offering low-to-moderate income families affordable housing options, supporting neighborhood initiatives, and providing financial employability skills training, the organization contributes to stabilizing and enhancing low and moderate-income neighborhoods. Through their efforts in owning, providing, and developing affordable housing, organizing volunteers for renovation projects, and offering homebuyer and homeownership education, Faith Community Development Corp plays a significant role in improving the living conditions and opportunities for families and individuals in need.
This information is meant to be a general summary of Faith Community Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $102,375
- Program Service Revenue: $459,825
- Gross Receipts: $862,484
Assets and Liabilities:
- Total Assets: $12,901,553
- Total Liabilities: $3,278,257
- Net Assets: $9,623,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$250,843
MEMBERSHIPS
Revenue
$208,982
Organization Details
Founding Year
2013
Phone
(765) 448-1986Principal Officer
Steve Viars
Main Address
5526 ST RD 26 EAST, LAFAYETTE, IN, 47905
NTEE Category
Code: L80 - Housing
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